* And the mutual benefit from trade between individuals and between countries.

* They will also have acquired an understanding of the main determinants of macroeconomic (aggregate) economic activity, its principal measures and how it changes over time.

* Students will also have developed an understanding of the causes of inflation and unemployment.

Aims

To introduce students to the principles underlying economics using illustrations from the study of markets and the macroeconomy.

Brief description

This module introduces students to the principles underlying microeconomics and macroeconomics, providing key analytical concepts for students of business, management, and other degree schemes in which an appreciation of economic perspectives is valuable.